The lecture will be based on the biennial WNA Fuel Market Report. This has been published 15 times since the days of the Uranium Institute, and is an authoritative industry reference on nuclear fuel supply and demand. The last edition of the report was published in September 2011 and covers different areas of the nuclear fuel cycle. It therefore includes long-term data and analysis of nuclear generating capacity, as well as uranium, conversion, enrichment and fuel fabrication supply and demand. Finally, there will be some information and analysis of trends in the world uranium market.